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Demystifying the Major Nonprofit Accounting Methods

Pamela Grow

To keep your financial data organized, you can use either of two primary tracking methods: cash accounting and accrual accounting. In this guide, we’ll discuss what each of these financial management systems looks like in practice, their respective benefits and drawbacks, and how to determine which method is right for your organization.

Method 59
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How to Streamline Your Grant Management Process with Technology

sgEngage

You want applications from organizations that align to your mission, but the frequency of the requests can easily bog down your processes if you aren’t careful. To avoid overwhelming your team, standardize how you receive and process grant applications at your organization. How long is it? Are there regular deadlines?

Grant 101
professionals

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What Nonprofits Should Know About Process Automation

sgEngage

Process automation can be scary for nonprofits because it can feel like you are giving up some control. But implementing automated processes can help you ensure consistent controls and set your organization up for growth. Manual processes can lead to errors in your data. The average U.S. The average U.S. Automation.

Process 73
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Your Guide to Credit Card Processing for Nonprofits

Neon CRM

While previous generations might have preferred to give via check, cash, or even over the phone, those older analogue giving methods are on their way out, especially as even well-established donors switch to supporting their favorite causes online. Offering these methods is important for catering to younger donors.

Process 52
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[DATA] 11 Must-Know Stats About Online Fundraising

Nonprofit Tech for Good

It’s worth noting that in the survey the questions about online fundraising are only presented to those that have working knowledge in online fundraising. 2) Of those that accept donations through their website, these are the types of payment methods accepted: 91%: Credit card payments. 6% only do so through a third-party website.

Stats 272
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Don’t Let Staff Turnover Affect Your Grantmaking Data Quality

sgEngage

As a grantmaking organization focused on the success of your grantees, it is essential to have a process in place to manage personnel changes—for both you and your grantees—so everyone stays informed and on schedule. Record that institutional knowledge in an accessible Policies and Procedures manual. Does everyone get full access?

Data 79
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How to get your educational nonprofit into classrooms, without leaving the office

The Nerdy NonProfit

One method for an educational nonprofit to expand its reach is by getting into the classroom remotely through the use of modern technology. Diverse and dynamic professionals are brought in to provide fresh perspectives and expertise, expanding student’s knowledge and receptiveness to potential future careers.

Classroom 130